A medical student spends lacs to get seat. Spends years in educations. Is paid paltry as intern. And finally if he decides to set up his own clinic then he needs few crores to buy a place in city like metro. Another option is to set up a clinic in illegal structure in slums. This is what society gives to budding doctors and then expects that doctors should be human. I agree they should be. But it is also our duty to understand and solve serious issues faced by them. Banks ( who are under Finance ministry and RBI) offer easy loan for housing with repayment in 15 to 20 years. But if a qualified person asks for a loan for buying space for clinic / office/ commercial premises then the rules are stringent, interest rate is high, repayment period is as short as 5 to 7 years. In a city like Mumbai even if any qualified person has to set up an establishment / office, clinic then he will require minimum a crore or two. To pay back same in such a short period with interest is really difficult. Therefore my request to NAMO, FM and RBI and all banks is to review the existing policy and encourage self employed qualified professionals viz. Architects, doctors, CA's , Advocates and so on to take loan with long repayment period with other terms as in housing loan. This will boost employment and provide services to common man at reasonable fees.
Hope favourable policy will be announced soon..........Alok .........no one made such demand before except Alok